3948 N Elizabeth St

Indianapolis, IN 46226
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2 bd, 1 ba | 936 sqft | Built in 1945

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Curb View
List Price
$50,000

Initial Investment

$51,485

Purchase Price

$50,000

Down Payment

100%

Rent

$685

Total Return

$42,276

Annualized Return

14.4%

Cap Rate

9.4%

Gross Yield

16.4%

Cash Flow

$4,243

Appreciation

8.1%
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Features

Occupancy

Occupied

Lease Start

06/01/2018

Lease End

05/31/2020

Lot Size

7,013

HOA

None

Flood Risk

Not Required

  • Meets 1% rule with attractive cap rate
  • $35 pet fee included in monthly rent
  • 2-bed, 1-bath, with covered back patio
  • Easy access to downtown Indianapolis (9 mi)

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$7,809

Expenses

-$2,566

Property Taxes

-$1,000

Loan Payments

$0

Net Cash Flow

$4,243

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